General

The Commission has become aware of a possible phishing attempt being sent purporting to be from the Director General, William Mason using the domains “gfsc-gg.com” and/or "mail-fsc-gg.com." If you have received an email from the Commission and you are unsure of its authenticity, please do not click on any links or attachments and instead forward it to [email protected]. The Commission sends its...

On 30 July 2024, the Commission issued a Discussion Paper on the Future of Sustainability Reporting in the Bailiwick of Guernsey. The consultation period ran for approximately 12 weeks and closed on 25 October 2024. The Commission is very pleased to have received a material number of responses from a broad range of stakeholders including licensees, industry representative bodies and other on and...

On Tuesday 8 October, the Commission held three one-hour Approach to Risk Based Supervision – a refresher sessions at Les Cotils. The sessions, attended by almost 400 individuals, covered: the Commission's approach to risk-based supervision, including what risk-based supervision is and how it works; how the Commission engages with firms, from onsite and thematic visits to returns and notification...

The Commission has become aware of a possible phishing attempt being sent purporting to be from the Commission. The email is asking recipients to log into the PQ portal to update their OPQ. If you have received an email from the Commission and you are unsure of its authenticity, please do not click on any links or attachments and instead forward it to [email protected]. The Commission sends its...

On 11 September 2024, the Guernsey Financial Services Commission and Guernsey Finance hosted Finovation: The Guernsey Edge at Beau Sejour Leisure Centre. Attendees heard how Guernsey could leverage its unique position to harness technology in driving growth and improving efficiency. The Commission is pleased to provide recordings of the day's sessions, along with slides (where available): Welcome...

The Guernsey Financial Services Commission has today issued a Consultation Paper seeking comments from interested parties on the creation of a new set of rules and associated guidance to be made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the POI Law”) – The Regulated Investment Exchange Operator Rules and Guidance (“the RIEO Rules”). The RIEO Rules are intended to...

The Commission will be running three one-hour Approach to Risk-based Supervision – a refresher sessions on Tuesday 8 October. The voluntary sessions, aimed at anyone interested in learning more about risk-based supervision, will cover: the Commission's approach to risk-based supervision, including what risk-based supervision is and how it works; how the Commission engages with firms, from onsite...

The Guernsey Financial Services Commission has today issued a Consultation Paper seeking views from interested parties on a proposal to permit Pension Service Providers (PSPs) to be formed as Protected Cell Companies (PCCs). Under the current legal framework, a company cannot be a PCC unless it falls under certain prescribed regulated categories, which do not include PSPs. The Consultation Paper...

The Commission today launches a consultation paper on proposals for increasing the licence fees paid by firms. The consultation period will close on Friday 4 October. The Commission is consulting on an overall increase in fees of 5.3%. Other specific proposals relating to fees that are outlined in the consultation paper are: Increasing fees for Retail General Insurers (‘RGI’); Applications to...